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Nonprofiteer
← GRHS FOUNDATION INC

Form 990 for tax year 2022

Filed by GRHS FOUNDATION INC.

Totals

Total revenue
$43,547,365
Total expenses
$42,579,855
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$43,826,976
Investment income
$7,979
Other revenue
-$287,590
Total assets, end of year
$147,503,139
Total liabilities, end of year
$116,154,679
Net assets or fund balances, end of year
$31,348,460
Program services expenses (Part IX)
$41,006,581
Management and general expenses
$1,573,274
Fundraising expenses
$0
Program service expenses (Part III)
$41,006,581

Program services were 96.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: RENTAL INCOME

    total $23,800,545 · related or exempt $23,800,545

  • 2b · Program service revenue: RASC PATIENT REVENUE

    total $20,026,431 · related or exempt $20,026,431

  • 3 · Investment income

    total $7,979 · excluded $7,979

  • 11a · Other revenue: JANITORIAL CLEANING REVENUE

    total $35,397 · unrelated business $35,397

  • 11b · Other revenue: LOSS ON EXTINGUISHMENT OF DEBT

    total -$381,888 · excluded -$381,888

  • 11d · All other revenue

    total $58,901 · related or exempt $58,901

  • 11e · Other revenue, total

    -$287,590

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $67,700 · program services $57,755 · management and general $9,945

  • 7 · Other salaries and wages

    total $5,891,865 · program services $5,523,623 · management and general $368,242

  • 8 · Pension plan contributions

    total $66,024 · program services $61,897 · management and general $4,127

  • 9 · Other employee benefits

    total $739,834 · program services $693,594 · management and general $46,240

  • 10 · Payroll taxes

    total $310,455 · program services $291,052 · management and general $19,403

  • 11a · Fees: management

    total $1,256,444 · program services $1,106,600 · management and general $149,844

  • 11c · Fees: accounting

    total $21,131 · program services $18,581 · management and general $2,550

  • 11g · Fees: other

    total $4,802,002 · program services $4,222,529 · management and general $579,473

  • 12 · Advertising and promotion

    total $4 · program services $4

  • 13 · Office expenses

    total $293,683 · program services $289,005 · management and general $4,678

  • 16 · Occupancy

    total $6,632,611 · program services $6,512,343 · management and general $120,268

  • 19 · Conferences, conventions and meetings

    total $2,000 · program services $1,968 · management and general $32

  • 20 · Interest

    total $4,314,659 · program services $4,314,659

  • 22 · Depreciation, depletion and amortization

    total $7,310,474 · program services $7,306,598 · management and general $3,876

  • 23 · Insurance

    total $172 · program services $169 · management and general $3

  • 24a · Other expenses: MEDICAL SUPPLIES/PHARMA

    total $9,063,033 · program services $8,918,722 · management and general $144,311

  • 24b · Other expenses: SHARED SERVICE EXPENSE

    total $1,271,744 · program services $1,151,796 · management and general $119,948

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $515,040 · program services $515,040

  • 24d · Other expenses: TAXES AND ASSESSMENTS

    total $250 · program services $246 · management and general $4

  • 24e · All other expenses

    total $20,730 · program services $20,400 · management and general $330

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,376,312 · end of year $1,205,048

  • 2 · Savings and temporary cash investments

    beginning of year $42,949 · end of year $45,515

  • 4 · Accounts receivable

    beginning of year $1,689,405 · end of year $1,765,922

  • 8 · Inventories for sale or use

    beginning of year $562,189 · end of year $811,073

  • 9 · Prepaid expenses and deferred charges

    beginning of year $674,522 · end of year $629,525

  • 10a · Land, buildings and equipment: cost or other basis

    $192,407,105

  • 10b · Land, buildings and equipment: accumulated depreciation

    $63,528,412

  • 10c · Land, buildings and equipment, net

    beginning of year $131,786,835 · end of year $128,878,693

  • 14 · Intangible assets

    end of year $23,929

  • 15 · Other assets

    beginning of year $14,518,999 · end of year $14,143,434

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,653,420 · end of year $3,106,670

  • 19 · Deferred revenue

    beginning of year $36,108 · end of year -$79,606

  • 21 · Escrow or custodial account liability

    beginning of year $27,217 · end of year $31,847

  • 23 · Secured mortgages and notes payable

    beginning of year $92,085,319 · end of year $87,974,246

  • 25 · Other liabilities

    beginning of year $25,468,197 · end of year $25,121,522

  • 27 · Net assets without donor restrictions

    beginning of year $30,380,950 · end of year $31,348,460

Mission and programs · 2022

Mission

TO BENEFIT ROCHESTER REGIONAL HEALTH AND ITS AFFILIATES TO ACCEPT, HOLD, INVEST, REINVEST AND ADMINISTER GIFTS, GRANTS, BEQUESTS, CONTRIBUTIONS, DEVISES, BENEFITS OF TRUSTS, ENDOWMENTS AND PROPERTY OF ANY KIND, WITHOUT LIMITATION AS TO AMOUNT OR VALUE FOR THE FOREGOING PURPOSES. TO USE, DISBURSE OR PAY THE INCOME AND/OR PRINCIPAL THEREOF EXCLUSIVELY FOR THE FOREGOING PURPOSES. TO DO ANY OTHER ACT OR THING INCIDENTAL TO OR CONNECTED WITH THE FOREGOING PURPOSES OR IN ADVANCEMENT THEREOF, BUT NOT FOR THE PECUNIARY PROFIT OR FINANCIAL GAIN OF ITS MEMBERS, DIRECTORS, OFFICERS OR ANY OTHER PRIVATE PERSON.

Activities or mission (Part I)

THE FOUNDATION IS ORGANIZED AND OPERATED EXCLUSIVELY TO BENEFIT THE AFFILIATES OF ROCHESTER REGIONAL HEALTH.

  • OPERATING REAL PROPERTY INVESTMENTS, INCLUDING MEDICAL/OFFICE BUILDINGS, A PARKING GARAGE, APARTMENTS, AND PARCELS OF LAND, AS WELL AS MAINTAINING FINANCIAL INVESTMENTS ON BEHALF OF AFFILIATES.

    Expenses $23,529,555 · Revenue $23,859,446

  • AMBULATORY SURGERY CENTER

    Expenses $17,477,026 · Revenue $20,026,431

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • David Riedman

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Richard Davis PhD

    CEO

    Total calculated
    $1,305,227
    From this org
    $23,527
    From related orgs
    $1,270,487
    Other
    $11,213
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $18,982 + $1,025,032 related
    Bonus
    $4,545 + $245,455 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $204 + $11,009 related
    Filer's total
    $23,731 + $1,281,496 related

  • Michael Nuccitelli

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Thomas Crilly

    CFO

    Total calculated
    $1,101,090
    From this org
    $24,236
    From related orgs
    $1,308,772
    Other
    -$231,918
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $11,493 + $620,627 related
    Bonus
    $11,826 + $638,607 related
    Other
    $917 + $49,538 related
    Deferred
    -$4,447 + -$240,163 related
    Nontaxable benefits
    $231 + $12,461 related
    Filer's total
    $20,020 + $1,081,070 related

  • Hugh Thomas

    CAO

    Total calculated
    $1,269,539
    From this org
    $26,619
    From related orgs
    $1,437,405
    Other
    -$194,485
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $16,289 + $879,589 related
    Bonus
    $10,330 + $557,816 related
    Other
    $0
    Deferred
    -$3,764 + -$203,253 related
    Nontaxable benefits
    $228 + $12,304 related
    Filer's total
    $23,083 + $1,246,456 related

  • Jeffrey Peacock

    SR. DIRECTOR, AMBULATORY SURGERY

    Total calculated
    $270,042
    From this org
    $263,755
    From related orgs
    $0
    Other
    $6,287
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $195,151
    Bonus
    $68,604
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $6,287
    Filer's total
    $270,042

  • Rachel Weber

    NURSE

    Total calculated
    $137,610
    From this org
    $132,814
    From related orgs
    $0
    Other
    $4,796
    Hours/week
    40

  • Melissa Delaney

    CLINCIAL DIRECTOR

    Total calculated
    $122,829
    From this org
    $121,385
    From related orgs
    $0
    Other
    $1,444
    Hours/week
    40

  • Arjun Sharma

    RN IV

    Total calculated
    $119,931
    From this org
    $115,694
    From related orgs
    $0
    Other
    $4,237
    Hours/week
    40

  • Marti Denoto

    RN

    Total calculated
    $114,126
    From this org
    $109,575
    From related orgs
    $0
    Other
    $4,551
    Hours/week
    40

  • Eric Bieber

    FORMER CEO

    Total calculated
    $47,653
    From this org
    $861
    From related orgs
    $46,499
    Other
    $293
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $861 + $46,499 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $5 + $288 related
    Filer's total
    $866 + $46,787 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIALS IS ESTABLISHED USING THE FOLLOWING: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - FORM 990 OF OTHER ORGANIZATIONS - WRITTEN EMPLOYMENT CONTRACTS - COMPENSATION SURVEYS AND STUDIES - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE ON AN ANNUAL BASIS, THE ORGANIZATION USES AN INDEPENDENT COMPENSATION CONSULTANT TO REVIEW THE SALARIES FOR ALL EXECUTIVES TO ENSURE SUCH SALARIES ARE CONSISTENT WITH MARKET SALARIES PAID TO SIMILARLY SITUATED EXECUTIVES. IN ADDITION, A COMPENSATION COMMITTEE REVIEWS THIS INFORMATION ANNUALLY AND IT IS THEN APPROVED BY THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD. FINALLY, EXECUTIVES RECEIVE A WRITTEN LETTER OUTLINING THE SPECIFICS OF THE COMPENSATION AGREEMENT AND THEIR EXPECTED PERFORMANCE.
PART I, LINE 4B
SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS PROVIDE BENEFITS TO CERTAIN KEY EXECUTIVE EMPLOYEES OF ROCHESTER REGIONAL HEALTH. THE ORGANIZATION MAINTAINS A SECTION 457(F) PLAN WHICH WOULD BE CONSIDERED A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. DURING 2022, THE CFO OF ROCHESTER REGIONAL HEALTH RECEIVED A DISTRIBUTION OF $49,054.
PART II, COLUMN C:
RETIREMENT AND OTHER DEFERRED COMPENSATION - THIS COLUMN IS REFLECTIVE OF THE ACTUARIAL CHANGE IN DEFINED BENEFIT PENSION PLAN AND POST-RETIRMENT BENEFITS FOR THE TAX YEAR.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • GRHS LLC

    AMBULATORY SURGERY CENTER · NY

    Directly controlled by GRHS FOUNDATION

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • NW ASSOCIATES LP

    RELATED · R/E LEASING · NY · 73.61% owned

    Directly controlled by NWCH

  • PARMA SENIOR HOUSING

    HILTON PROJ · NY

  • UNITY SENIOR HOUSING

    MOORE PK · NY

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • GREATER ROCHESTER ASSURANCE COMPANY LTD

    C · INSURANCE · CJ · 100% owned

  • GRACO RISK RETENTION GROUP INC

    C · INSURANCE · SC · 100% owned

    Directly controlled by RGH

  • NWA INC

    C · R/E LEASING · NY · 100% owned

    Directly controlled by NWCH

  • GREATER ROCHESTER INDEPENDENT PRACTICE ASSOCIATION INC

    C · INDEPENDENT PRACTICE ASSOCIATION · NY · 50% owned

  • ROCHESTER GENERAL HEALTH SYSTEM DIALYSIS INC

    C · DIALYSIS · NY · 100% owned

    Directly controlled by RGHS

  • ACM MEDICAL LABORATORY INC

    C · CLINICAL LAB · NY

    Directly controlled by PRH INC

  • PRH INC

    C · MEDICAL LAB · NY

    Directly controlled by ROCHESTER REGIONAL HEALTH

  • PARMA SENIOR HOUSING LLC

    C · SENIOR HOUSING · NY

    Directly controlled by ROCHESTER REGIONAL HEALTH

  • UNITY SENIOR HOUSING CORP

    C · SENIOR HOUSING · NY

    Directly controlled by ROCHESTER REGIONAL HEALTH

  • UNITY HEALTH SYSTEM PURCHASING GROUP LLC

    C · SENIOR HOUSING · NY

    Directly controlled by ROCHESTER REGIONAL HEALTH

Provenance

Return type
form_990
Tax year
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202323179349306202

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